Finance News: Latest Financial News, Finance News today in Bangladesh

BPC to borrow $1.0b from ITFC to import petroleum products

Rezaul KarimState-run Bangladesh Petroleum Corporation (BPC) is set to take out 'costlier' loan of US$ 1.0 billion from ITFC to import petroleum products from the international market in the calendar year 2019, officials said.BPC has negotiated the loan at 4.50 per cent interest rate (ITFC calls it 'mark-up rate'), higher...

The national round of 'Al-Arafah Islami Bank 4th Junior Science Olympiad'

The national round of 'Al-Arafah Islami Bank 4th Junior Science Olympiad' ended on Friday at University of Asia Pacific Auditorium, Dhaka. Managing Director (current charges) of the Bank Kazi Towhidul Alam was present as Chief Guest in the ceremony. Among others, Director of the Bank Alhajj Abdul Malek Mollah, Treasurer...

Rajuk wakes up after five yrs

Kamrun NaharRajdhani Unnayan Kartripakkha (Rajuk) finally resumed drive against illegal housing companies around Dhaka city last month after a lapse of nearly five years.Demolition drives against errant property developers and realtors are a routine work of the regulatory body.Sources said Rajuk's enforced idleness is because of some dishonest officials who...

PRAB elects new EC

Public Relations Association of Banks (PRAB) recently elected a 33-member executive committee for two years in its annual general meeting held at the ERF office of the capital.Shamshuddoha Shimu, Head of PRD & SVP of Shahjalal Islami Bank and Mr. Jalal Ahmed Swapon, Head of PRD & VP of Al...

New MD of Novartis

Dr. Riad Mamun Prodhani has recently been appointed as the Managing Director and Country President of Novartis (Bangladesh) Limited, the leading multinational pharmaceuticals of the country.With his new role, he also joins the Board of Directors of Novartis Bangladesh. Dr. Riad replaces Mr. Sheikh Nahar Mahmud who decided to retire...

Modhumoti Bank condoles death of its official

Modhumoti Bank Limited has condoled the sudden demise of its SEVP & Chief Risk Officer Mr. Sheikh Talibur Rahman. "We pray for the salvation of the departed soul and express our profound sympathy to the bereaved family members of the deceased," a statement of Modhumoti Bank Limited said.

Zahurul gets promoted as First Security Bank DMD

Md Zahurul Haque has been promoted as Deputy Managing Director (DMD) of First Security Islami Bank Ltd. Prior to the promotion, he was Senior Executive Vice President (SEVP) of the Bank, says a release.Mr Haque obtained B.com (Honors) in Accounting and MBA degree.He joined at First Security Islami Bank Ltd...

Tree fair gaining momentum

Sajibur RahmanThe month-long 'National Tree Fair' is getting good response from target people.Organisers and participants have said the fair is witnessing an increased sale of saplings.During a visit to the fair at Sher-e-Bangla Nagar in the capital, the FE correspondent found a good number of people buying saplings of various...

Karmasangsthan Bank holds review meeting

FE DeskKarmasangsthan Bank organised a review meeting of its divisional heads and regional managers at the head office of the bank in the capital recently, says a statement.Chairman of the board of directors Pariksit Datta Choudhary was present as the chief guest at the performance review meeting, presided over by...

‘Friendly relation exists between Walton owners, workers’

FE DeskNational Human Rights Commission (NHRC) Chairman Kazi Reazul Hoque has said that he has observed a friendly relation existing between owners and workers at Walton factory at Gazipur's Chandra.He also said that the Walton Group has set an example to local and foreign companies by ensuring all kinds of...